6/14/2019, 7:01 PM (Source: TeleTrader)
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US oil rig count down by 1 to 788 - Baker Hughes

The number of oil rigs in the United States decreased by 1 to 788 in the week ending June 14 compared to the previous week, according to the Baker Hughes weekly rig count released on Friday.

Meanwhile, the number of US gas rigs was lower by 5 during the same week, bringing the total number of rigs in the country to 969. On an annual basis, the number of US oil rigs decreased by 75.

In Canada, the total rig count was 107 as it rose by 4 from the previous week. The number of oil rigs in Canada rose by 10 to 69 and the number of gas rigs fell by 6 to 38. Year-on-year, the number of oil rigs in Canada was down by 18.

Breaking the News / VP